Gardner Denver (GDI) Downgraded by Zacks Investment Research to “Hold”

Gardner Denver (NYSE:GDI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

According to Zacks, “Gardner Denver Holdings, Inc. is a provider of mission-critical flow control and compression equipment and associated aftermarket parts, consumables and services. Its products and services consist of compressor, pump, vacuum and blower. Gardner Denver Holdings, Inc. is based in Milwaukee, United States. “

GDI has been the topic of several other research reports. UBS Group upped their price target on shares of Gardner Denver from $28.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Citigroup reiterated a “buy” rating and set a $32.00 price target (up previously from $28.00) on shares of Gardner Denver in a research report on Monday, October 9th. Robert W. Baird reiterated a “buy” rating and set a $30.00 price target on shares of Gardner Denver in a research report on Wednesday, October 4th. Stifel Nicolaus upped their price target on shares of Gardner Denver from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, Tigress Financial reiterated a “buy” rating on shares of Gardner Denver in a research report on Monday, December 18th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $31.70.

Shares of Gardner Denver (NYSE:GDI) opened at $35.92 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.51 and a debt-to-equity ratio of 1.58. Gardner Denver has a fifty-two week low of $19.91 and a fifty-two week high of $36.08. The firm has a market cap of $7,030.00 and a PE ratio of -46.05.

Gardner Denver (NYSE:GDI) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.04. research analysts expect that Gardner Denver will post -0.21 earnings per share for the current year.

In other Gardner Denver news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $26.43, for a total transaction of $667,380,758.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Nationwide Fund Advisors acquired a new position in Gardner Denver during the 2nd quarter valued at about $2,122,000. Boston Partners acquired a new position in Gardner Denver during the 3rd quarter valued at about $26,365,000. Artisan Partners Limited Partnership acquired a new position in Gardner Denver during the 3rd quarter valued at about $136,195,000. Macquarie Group Ltd. lifted its position in Gardner Denver by 32.8% during the 3rd quarter. Macquarie Group Ltd. now owns 77,370 shares of the company’s stock valued at $2,129,000 after purchasing an additional 19,114 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in Gardner Denver during the 2nd quarter valued at about $3,781,000.

COPYRIGHT VIOLATION WARNING: This news story was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of international copyright laws. The legal version of this news story can be read at https://ledgergazette.com/2018/01/20/gardner-denver-gdi-downgraded-by-zacks-investment-research-to-hold.html.

About Gardner Denver

Gardner Denver Holdings, Inc is a global provider of mission-critical flow control and compression equipments and associated aftermarket parts, consumables and services. The Company operates through three business segments: Industry, Energy and Medical. Industry segment designs, manufactures, markets and services a range of air compression, vacuum and blower products.

Analyst Recommendations for Gardner Denver (NYSE:GDI)

Receive News & Ratings for Gardner Denver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gardner Denver and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply